The Globe and Mail reports in its Thursday edition that BMO analyst Raj Ray, calling Centerra Gold "a precious metals producer with a critical minerals tilt," commenced coverage with an "outperform" recommendation. The Globe's David Leeder writes that Mr. Ray targets the shares at $10. Analysts on average target Centerra shares at $10.25. Mr. Ray says in a note: "Centerra is one of the few intermediate gold producers that offers meaningful exposure to copper within its core portfolio, which includes the flagship Mount Milligan copper-gold mine in Canada and the Oksut gold mine in Turkey. 2024 is expected to be a high-water mark for gold production, but at steady state (2025 and beyond), copper exposure is expected to be 31 per cent based on revenue. This should find favour with ESG focused investors that are looking for gold exposure with a meaningful green metals tilt in a stable jurisdiction. ... The recently announced amendment to the Royal Gold stream agreement is a strong example of a positive step by management to unlock Mount Milligan's growth potential. ... [Investors] expect better visibility on Centerra's idled/development stage assets, which could help with the rerating depending on the outcome."